1 month ago
The U.S. Postal Service is proposing different summation successful stamp prices.
The agency connected Tuesday laid retired a slew of value hikes it intends to instrumentality successful July, saying they would magnitude to astir 7.8% increases crossed mailing services.
Under nan caller prices put forward, USPS said it would complaint 73 cents for a First-Class Mail Forever stamp, up 5 cents from nan existent 68 cents.
This would people nan most-recent summation since nan USPS instituted a 2-cent summation connected First-Class Mail Forever stamps and different changes successful January.
STAMP PRICES GOING UP THIS WEEKEND
A worker loads message into a transportation conveyance extracurricular a United States Postal Service distribution halfway successful Chicago connected Oct. 12, 2021. (Luke Sharrett/Bloomberg via Getty Images / Getty Images)
Metered 1-ounce letters and world letters would besides spot value increases if nan connection is approved, hitting 69 cents (up from 64 cents) and $1.65 (up from $1.55), respectively, nan agency said.
"The additional-ounce value for single-piece letters increases from 24 cents to 28 cents," USPS said. It did not raise that costs successful January.
The costs of Forever stamps could summation to 73 cents from 68 cents if approved. (Justin Sullivan/Getty Images / Getty Images)
The connection would besides make postcards 3 cents much costly domestically and 10 cents much internationally. That would equate to 56 cents for a home postcard and $1.65 for an international one, according to nan agency.
CLICK HERE TO READ MORE ON FOX BUSINESS
USPS said nan projected increases "are needed to execute nan financial stableness sought by nan organization’s Delivering for America 10-year Plan" while "changes successful nan mailing and shipping marketplace continue."
The value changes require sign-off from nan Postal Regulatory Commission earlier they tin beryllium rolled retired successful mid-July.
The agency unveiled its "Delivering for America" scheme astir 3 years ago. Its extremity is to "reverse a projected $160 cardinal successful losses complete 10 years by achieving break-even operating capacity while improving nan reliability and predictability of service," according to nan agency.
USPS message trucks seen successful Indianapolis successful August 2019. (iStock / iStock)
While nan agency is proposing value hikes connected aggregate mailing services, it besides said Tuesday it planned to support nan fees for Post Office Box rentals nan same. Meanwhile, postal security will get 10% cheaper, it said.
POSTAL SERVICE HITS BACK AT CRIME SUCH AS MAIL THEFT AND POSTAL FRAUD
The agency handled a full message measurement of 127.3 cardinal successful 2022, down from 128.9 cardinal nan anterior year.
FOX Business' Pilar Arias contributed to this report.
